In an unsurprising move, President Bush decided to suspend troop withdrawals from Iraq this summer. Based on the assessment presented to Congress by Gen Petraeus that the current progress was “fragile and reversible.” Therefore, between now and the end of July, we’ll draw-down from 20 to 15 brigades before taking a 45-day pause to reassess the situation before making anymore changes. This will likely mean the next president will assume office with over 100,000 U.S. troops on the ground in Iraq and Afghanistan.
Additionally, President Bush will announce a reduction in Army combat tours from 15 to 12 months, with 12 months between deployments. This new tour length will be applied to units deployed to the region in August. Hopefully, this will reduce the number of “in lieu of” taskings the other services perform in order to ease the deployment burden of their Army counterparts.
So, what about financing the war? Last year, the President asked Congress for $108 billion, to which Congress added $17 billion in domestic spending. Of course, this earned a veto from the President. This year, Congress is eyeing the war-funding bill as a catalyst to stimulate the economy, meaning more ear-marks.
{ sigh }
Supposedly, Congress is concerned with the cost of the war, but rather than trying to control those costs, they’re adding to it. Prudent? Evidently, they didn’t learn anything last year.
The U.S. has now spent over $500 billion on the war in Iraq, a total that could amount to trillions of dollars after factoring in the costs of veteran healthcare and the refurbishment of the military’s depleted equipment and materials.
What does this mean, really?
Current defense spending is roughly 4% of our GDP, compared to 9% in 1968, during the Viet Nam War. Though substantial, it’s hardly budget-busting.
Still, it’s time for the Iraqi government to pony-up! Iraq is pumping about 2.4 million barrels of crude oil a day, the highest output since the 2003 invasion. Ambassador Crocker said that “the era of U.S.-funded major infrastructure projects is over” and Iraq will be spending its own money to pay for rebuilding.
Well, that’s a start…I think the Iraqis also need to re-pay the U.S. for the tremendous cost of their liberation. After all, we’ve essentially financed this war with debt and those bills are coming due.
Tags: Gen Petraeus, Iraq, Troop Withdrawal, war on terror




1 comment
Comments feed for this article
Trackback link
http://shyspeak.net/2008/04/10/troop-withdrawals-and-funding/trackback/
May 3, 2008 at 10:24 am
Pingback from shyspeak.net · Iraq Shared Investment Act